Stock market today: Asian shares sink, weighed down by Wall St tech retreat, China policy questions

  • 📰 Mynorthwest
  • ⏱ Reading Time:
  • 37 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 39%
  • Publisher: 53%

Mynorthwest.Com - Seattle News News

Sports,Weather,Traffic

Asian shares retreated Friday after a broad washout across Wall Street dragged U.S. stocks lower, and Hong Kong’s benchmark dipped more than 2% as

investors remained wary over China’s plans for helping its ailing property sector.Chinese officials briefed reporters in Beijing on the outcome of a top-level meeting of the ruling Communist Party, providing some details of the sweeping blueprint it endorsed for making China a leader in technology, building its financial markets and raising living standards.

In Taiwan, the Taiex fell 2.3%, as computer chip-maker Taiwan Semiconductor Manufacturing Co.’s shares sank 3.5%, extending losses triggered by a report that Washington might double-down on restrictions on sales to China of semiconductors and equipment used to make and test them. On Thursday, European indexes were mixed after the European Central Bank held its main interest rate steady.

But chip makers’ shares stabilized. Nvidia rose 2.9% and stretched its gain for the year to nearly 145%. Darden Restaurants, the company behind Olive Garden, LongHorn Steakhouse and other chains, sank 3%. It said it would buy the Chuy’s Tex-Mex chain in an all-cash deal valuing it at $605 million. Chuy’s stock jumped 47.8%

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 438. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market today: Asian shares lower after Wall Street closes another winning weekAsian shares are mostly lower after U.S. stocks coasted to the close of their latest winning week on Friday, even as Nvidia’s stock cooled further from its startling, supernova run. U.S. futures and oil prices dropped. The yen weakened to 159.93 per dollar during morning trading. The S&P 500 slipped 0.
Source: AP - 🏆 728. / 51 Read more »

Stock market today: Asian shares lower after Wall Street closes another winning weekAsian shares are mostly lower after U.S. stocks coasted to the close of their latest winning week on Friday, even as Nvidia’s stock cooled further from its startling, supernova run.
Source: ksatnews - 🏆 442. / 53 Read more »

Stock market today: Asian shares lower after Wall Street closes another winning weekAsian shares are mostly lower after U.S. stocks coasted to the close of their latest winning week on Friday, even as Nvidia’s stock cooled further from its startling, supernova run.
Source: wjxt4 - 🏆 246. / 63 Read more »

Stock market today: Asian shares advance after Nvidia's rebound offsets weakness on Wall StAsian shares are mixed after a rebound for Nvidia offset weakness on Wall Street. Oil prices and U.S. futures were higher. On Tuesday, the S&P 500 rose 0.4% and neared its all-time high set a week earlier. The Nasdaq composite leaped 1.3% for its first gain in four days.
Source: AP - 🏆 728. / 51 Read more »

Stock market today: Asian shares advance after Nvidia's rebound offsets weakness on Wall StAsian shares are mixed after a rebound for Nvidia offset weakness on Wall Street.
Source: ksatnews - 🏆 442. / 53 Read more »

Stock market today: Asian shares advance after Nvidia's rebound offsets weakness on Wall StAsian shares are mixed after a rebound for Nvidia offset weakness on Wall Street.
Source: wjxt4 - 🏆 246. / 63 Read more »